2024 NOK to VND Historical Review

YEARLY HIGH

2434.2019 VND

YEARLY LOW

2225.6898 VND

YEARLY AVERAGE

2330.6443 VND

2024 NOK to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 2434.2019. Conversely, the yearly low was recorded on December 19, dropping to 2225.6898.

This high-to-low spread represents a total annual volatility of 208.5121 VND. From a start-to-finish perspective, comparing the January average rate of 2354.1157 to the December average rate of 2263.6565, the exchange rate registered a net change of -3.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2434.2019 was up 0.81% compared to the 2023 peak of 2414.5631, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 12,171,009 VND

2023 Average 11,293,636 VND

Yearly Trough Low 11,128,449 VND

Transaction Impact: A difference of 1,042,560.31 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2410.3084

2250.3245

JanuMarcMayJulySeptNove

NOK to VND Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2346.6415, compared to 2314.6470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 31.9945 points.

H1 Avg (Jan–Jun) 2346.6415

H2 Avg (Jul–Dec) 2314.6470

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 130.8289 VND (High: 2427.7145 / Low: 2296.8856). On the other end, October was the most stable month, with a tight range of 46.2243 VND (High: 2335.3080 / Low: 2289.0837).

May Spread (Volatile) ±130.8289

October Spread (Stable) ±46.2243

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 46.2197 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -46.2197

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 2396.9764) against the same month in 2023 (average: 2179.1669), the exchange rate shifted by +217.8095 (+10.00%).

2024 Avg (June) 2396.9764

2023 Avg (June) 2179.1669

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2382.7896	2322.2697	2354.1157
February	2347.8096	2280.1502	2321.9696
March	2373.7811	2284.9924	2329.0655
April	2338.0571	2261.9876	2308.5790
May	2427.7145	2296.8856	2369.1431
June	2434.2019	2370.3625	2396.9764
July	2412.3634	2296.3465	2350.7567
August	2386.8488	2281.7866	2340.6323
September	2366.9913	2262.3916	2323.0739
October	2335.3080	2289.0837	2313.9456
November	2333.0321	2276.2696	2295.8173
December	2301.0416	2225.6898	2263.6565